Associated Banc-Corp Q2 EPS $0.63, Adjusted EPS $0.73
Associated Banc-Corp reported strong second quarter 2026 earnings, with net income available to common equity of $121 million, or $0.63 per common share. Excluding nonrecurring acquisition-related expenses, adjusted earnings were $140 million, or $0.73 per common share. The company demonstrated robust organic growth, with total period-end loans increasing by 15% and deposits by 12% quarter-over-quarter, alongside a significant rise in net interest income and an improved net interest margin. The integration of American National Corporation is progressing as expected, contributing to the company's growth trajectory.
Key Highlights
- Net income available to common equity was $121 million, or $0.63 per common share.
- Adjusted earnings were $140 million, or $0.73 per common share, excluding nonrecurring items.
- Total period end loans reached $36.5 billion, up 15% from Q1 2026 and 19% from Q2 2025.
- Total period end deposits were $39.9 billion, up 12% from Q1 2026 and 17% from Q2 2025.
- Net interest income increased to $370 million, up 20% from Q1 2026 and 23% from Q2 2025.
- Net interest margin improved to 3.17%, a 14 basis point increase from the prior quarter.
- Noninterest expense totaled $272 million, including $24 million in nonrecurring acquisition costs.
- CET1 capital ratio stood at 10.47%, exceeding regulatory benchmarks.
Price Impact
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